Oyedele Defends New Capital Gains Tax Regime in Nigeria, Stakeholders Express Concerns
Taiwo Oyedele, chairman of the Presidential Fiscal Policy Tax Reform Committee, advocates for the new capital gains tax (CGT) regime in Nigeria, emphasizing its potential to strengthen the market's efficiency and investor-friendliness. Despite misconceptions, Oyedele highlights that the CGT rates are relatively low compared to other taxes.
The reform includes features like exemptions for retail investors and pension funds, aiming to boost company profits and market valuations. However, stakeholders like Umaru Kwairanga and Sheriffdeen Tella warn of potential market destabilization and a shift towards government debt investments.
Muhammad Nami calls for increased investor engagement to clarify policies and build confidence. The reform's primary goal is to make Nigeria's tax system fairer and align it with global standards.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Taiwo Oyedele Defends Nigeria's Capital Gains Tax Reforms Amid Investor Feedback
Nigeria's Capital Gains Tax Reform: Past Gains Won't Be Taxed, Clarifies Oyedele
Nigerian Government to Review Capital Gains Tax Law in New Tax Policy Overhaul
Nigerian Government Considers Reviewing Capital Gains Tax Amid Investor Concerns
Nigeria's New Capital Gains Law Reshapes Taxation for Oil Majors and Investors
Nigerian Investors Contemplate Asset Sell-Off Amid Capital Gains Tax Adjustment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
